Most delayed residential units in Delhi-NCR

Most delayed residential units in Delhi-NCR
10/04/2019 , by , in News/Views

The National Capital Region (NCR) has the highest number of delayed housing units in the country, followed by Mumbai Metropolitan Region (MMR), says a real estate report released on Tuesday. Out of the total stuck apartments in NCR, Gurugram accounts for more than 23,000 units, the report said.

These delayed apartments, which were either launched in 2013 or before that, are proving a major drag on the entire realty sector, the report by real estate consultancy Anarock said.

According to the report, the number of apartments, which are delayed in NCR, stands at over 2 lakh while the number is close to 2 lakh in MMR. Overall, the report says that 5,61,100 housing units worth rupees 4.5 lakh crore is stuck in various stages of non-completion across the seven major residential markets — NCR, MMR, Chennai, Kolkata, Bengaluru, Hyderabad and Pune — in the country.

As per the report that takes five-year period (2013-2018) into account, of the total delayed units in NCR, the maximum are in Greater Noida (1,04,912 units), followed by Noida (44,082), Ghaziabad (24,728) and Gurugram (23,287).

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